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ARTICLE · 21 SEPTEMBER 2017

Ontario's Carbon Credit Auction Sells Out Again

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On September 13, 2017, the results from Ontario's third Cap and Trade Program Auction of Greenhouse Gas Allowances were released.

CanadaEnergy and Natural Resources
David Stevens
David Stevens
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On September 13, 2017, the results from Ontario's third Cap and Trade Program Auction of Greenhouse Gas Allowances were released. All available current and future allowances were sold at the September 6, 2017 auction.

The recent auction was the third time that participants in Ontario's Cap and Trade Program were able to purchase allowances. As we reported earlier, all of the available 2017 allowances (carbon credits) were sold at each of the first two auctions. This most recent auction is remarkable because, for the first time, all of the future vintage carbon credits also sold out. That stands in contrast to the earlier auctions, where only around half of the future credits were sold.

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